World Petroleum Congress Poll Reveals Oil and Gas Professionals Optimistic Over Future Energy Supply

Tuesday, December 6, 2011
  • 86% of congress participants said the industry will be able to meet estimates for increased global energy consumption.

Delegates at the 20th World Petroleum Congress believe the energy industry will still be able to sustain global demand in 10 years' time, according to research from GL Noble Denton.

World Petroleum Congress, Doha, - 6 December, 2011:
Oil and gas industry professionals are confident in the industry's ability to sustain the global demand for energy 10 years from now. According to a poll conducted yesterday at the 20th World Petroleum Congress in Doha, 86% of participants said that the industry will be able to meet estimates for increased global energy consumption, while 14% thought that it would not.

The Industry Snapshot Poll was conducted by global independent technical advisor GL Noble Denton on the first day of the World Petroleum Congress, which is expected to attract 12,000 industry professionals from across the world. The poll was also completed online by senior professionals from across the industry.

Pekka Paasivaara, Member of the GL Executive Board, said: 'The result of this poll shows the sector's confidence in its ability to meet the challenges of the growing global demand for energy. While oil and gas reserves are still plentiful, the mounting technological challenges of accessing these resources in harsher environments have been an area of concern for some sector professionals. Despite this, it is encouraging to see that confidence in the industry's ability to secure future supply safely, efficiently and sustainably remains high.'

GL Noble Denton is conducting three Industry Snapshot Polls this week, one for each full day of World Petroleum Congress. Delegates are also being asked to have their say on whether the oil and gas industry is doing enough to encourage future generations to join the sector, and on the long term potential of unconventional gas as a solution to the world's requirements. To participate in the poll, visit GL Noble Denton at stand number 9216. Participants will be entered into a prize draw to win an iPad 2 at the end of the show.

The results of the polls will be updated daily at www.gl-nobledenton.com.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

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